The money game
Vintage Books, 1976 - 253 pages
"This is a modern classic." -Paul A. Samuelson, First American Nobel Prize Winner in Economics "The best book there is about the stock market and all that goes with it." -The New York Times Book Review "Anyone whose orientation is toward where the action is, where the happenings happen, should buy a copy ofThe Money Gameand read it with due diligence." -Book World " 'Adam Smith' is a veteran observer and commentator on the events and people of Wall Street.... His thorough knowledge of financial affairs gives his observations a great degree of authenticity. But the joy of reading this book comes from his delightful sense of humor. He is a lively and ingeniously witty writer who never stoops to acerbity. None of the solemn, sacred cows of Wall Street escapes debunking." -Library Journal
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"I have just been to see this company," says the analyst, "and the profit margins
are expanding, sales will be up twenty percent. . . ." Albert holds up his hand. "
Don't tell me these things," he says. "1 don't want to know them." Albert stares
intently at the chart, the analyst waiting with bated breath for the wizard to make
something out of the eye of newt and toe of frog. "Is that a head and shoulders?"
asks the analyst, nervously pointing to a formation on the chart. Albert looks at
"Look," Albert says. On a table in the middle of the War Room is something that
looks like a television set. This is the display device. In front of the display device
are keys, like typewriter or calculator keys. I can't see what all the fuss is about.
Albert and computers are not strangers to each other; he has been using one in a
time-sharing program before, and I have sat with him while he circles in red little
numbers on the green-and- white computer print-out sheet. "On line, real time," ...
"I can see that this gizmo processes a great deal of information," I say. "But on
any given day, the whole thing could turn around." "The whole thing could,**
Albert says, "but the mix of odds would show up." "Great," say I. "Now all you have
to tell me is why, with all the sophisticated tools, the Chartists were bullish in July
and bearish in September at the bottom." "Somebody has to make the first move,"
Albert says. "Not us." "The new toy is pretty, but it doesn't do anything you weren't
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LibraryThing ReviewUser Review - carterchristian1 - LibraryThing
What is remarkable about this book is how ie speaks to the issues that led to the meltdown of 2007 and 2008. The missage is sim;ple.. Beware.Many of the Amazon nreviewers commented on how the book is a pleasure to read. It it. there is humor as well as advice. Read full review
Preface to the Vintage Edition
IDENTITY ANXIETY MONEY
Can Footprints Predict the Future?
4 other sections not shown